BTC managed to restore solid uptrends during today’s rise on the 1-hour and 1.5-hour timeframes. And it has already moved upward significantly along these trends.

Thus, it is specifically along the trends that all the bears’ gains from Friday’s drop have been absorbed. Although initially, Friday’s dump of -2.4% against the backdrop of positive U.S. labor market data looked promising for a further decline.

At the same time, for Sunday there’s also another important signal—BTC, ETH, and 23 other assets from the TOP-200 showed three marks of a potential high on the 4-hour timeframe.

There are two marks of a potential high also on the 5-hour timeframe.

In the screenshot, you can see how from September 19 those marks were playing out specifically for #BTC. At minimum—local pullbacks even during the active pump phase. And overall—a pretty decent correction.

So far, this time specifically for #BTC the price has pushed to a retest high according to the 4-hour timeframe marks. And it has approached $86,000. On the daily timeframe there’s choppy trading of the Friday candle’s lower shadow, bearish in terms of its structure.

Earlier, we wrote that if downtrends break on the 1-hour and 1.5-hour timeframes, we would return to the topic of closing part of the short that was built up on September 24. But the presence of high marks on the 4- and 5-hour timeframes forced us to wait for the correction to develop from them. There’s still no sign of a correction, but it’s not worth dismissing its probability.

At the moment, the price is showing new local extremes, a strong signal for a potential high on the 5-, 10-, and 15-minute timeframes.

On the higher timeframes, the picture clearly indicates the probability of a market correction starting in October. What was detailed in the previous post. The question now is: to what levels will the market reach, and specifically BTC, before the start of this correction. As long as there is a steady uptrend on the 3-hour timeframe for Bitcoin and most assets, you can’t say that a correction is starting. And all shorts right now boil down to attempts to short extremes like the current one, with a stop above the high.